In financial accounting, a balance sheet is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit entity.
Tasman Resources Ltd Balance Sheet Statement - Assets
As of 30 Jun 2024, The total current assets of Tasman Resources Ltd (ASX:TAS) was around $6,253,745 which consisted of $987,690 of Cash, $2,132,542 of Inventory and $501,478 of Net receivables. Current assets represent all the assets of a company that are expected to be conveniently sold, consumed, used, or exhausted through standard business operations within one year.
All amounts in AUD
The latest balance sheet of Tasman Resources Ltd also showed $16,820,955 of Property Plant Equipment and no Good will. Also there were $290,502 of Intangible assets and no Other assets. The total assets including current and Intangibles/Deferred Long Term Asset Charges were $23,497,605.
Tasman Resources Ltd Balance Sheet Statement - Liabilities
TAS's latest annual results shows the balance sheet has $2,495,996 of Accounts Payable. Also there were $14,032,212 of Short/Long term debt, no Long term debt, $133,892 of Other Current liabilities and $16,903,838 of Total Current Liabilities. Current liabilities are a company's short-term financial obligations that are due within one year or within a normal operating cycle.
As per the 30 Jun 2024's annual report of Tasman Resources Ltd, the total liabilities were $16,978,723.
TAS Balance Sheet Statement - Stock Holder Equity
Stockholders' equity, also referred to as shareholders' equity, is the remaining amount of assets available to shareholders after all liabilities have been paid. It is calculated either as a firm's total assets less its total liabilities or alternatively as the sum of share capital and retained earnings less treasury shares. Stockholders' equity might include common stock, paid-in capital, retained earnings and treasury stock.
The latest Balance sheet of Tasman Resources Ltd showed the total stock holder equity was $6,276,230 which consisted of $42,106,476 of Common stocks, $-55,141,761 of Retained earnings and no Other stock holder equity.
TAS Balance Sheet Statement History
Following table shows the history of balance sheet for Tasman Resources Ltd (TAS).
| 30 Jun 2024 | 30 Jun 2023 | 30 Jun 2022 | 30 Jun 2021 | |
|---|---|---|---|---|
| Cash | 987,690 | 2,736,278 | 2,300,831 | 6,012,153 |
| Net Receivables | 501,478 | 278,340 | 733,440 | 599,694 |
| Inventory | 2,132,542 | 2,480,112 | 2,563,345 | 1,840,582 |
| Total Current Assets | 6,253,745 | 8,274,793 | 5,785,925 | 8,615,512 |
| Property Plant Equipment | 16,820,955 | 22,794,576 | 25,038,129 | 24,879,768 |
| Good Will | - | - | - | - |
| Intangible Assets | 290,502 | 390,747 | 9,987,272 | 9,123,044 |
| Other Assets | - | - | - | - |
| Deferred Long Term Asset Charges | - | - | - | - |
| Total Assets | 23,497,605 | 32,418,386 | 43,451,641 | 45,528,795 |
| Accounts Payable | 2,495,996 | 1,417,903 | 1,002,589 | 827,297 |
| Short/Long Term Debt | 14,032,212 | 10,319,495 | 4,911,084 | 5,269,984 |
| Other Current Liabilities | 133,892 | 99,410 | 116,191 | 133,337 |
| Long Term Debt | - | 40,617 | - | 486,143 |
| Other Liabilities | - | - | - | - |
| Total Current Liabilities | 16,903,838 | 12,521,093 | 6,259,278 | 5,919,238 |
| Total Liabilities | 16,978,723 | 12,651,151 | 6,366,361 | 6,423,745 |
| Common Stock | 42,106,476 | 42,106,476 | 41,772,582 | 41,772,582 |
| Retained Earnings | -55,141,761 | -43,857,063 | -36,290,761 | -33,689,870 |
| Treasury Stock | - | - | - | - |
| Other Stockholder Equity | - | - | - | - |
| Total Stockholder Equity | 6,276,230 | 16,375,102 | 23,637,521 | 26,467,743 |
| Net Tangible Assets | 3,483,804 | 15,984,355 | 13,650,249 | 17,344,699 |
Tasman Resources Ltd (ASX:TAS) Balance Sheet Statement FAQ
1. How much Cash Tasman Resources Ltd has on their balance sheet?
As of 30 Jun 2024, Tasman Resources Ltd (ASX:TAS) has $987,690 of Cash.
2. What's the long term debt of Tasman Resources Ltd?
As per the latest Balance sheet of Tasman Resources Ltd (ASX:TAS), it has no Long term debt.
3. How much share holder equity does Tasman Resources Ltd has?
The Tasman Resources Ltd (ASX:TAS)'s balance sheet shows that it has $6,276,230 of Total stock holder equity.